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The Latest Breaking News from Oil

Oil and gas supplies could take months to return to normal after Iran deal, energy experts say

Pakistan announced that the U.S. and Iran reached an agreement to end the war and open the Strait of Hormuz

AAP

US and Iran reach deal to end war, Trump says Strait of Hormuz to open on Friday

The United States and Iran have agreed on a peace framework aimed at ending the conflict, lifting the U.S. blockade of Iran and reopening the Strait of Hormuz, a key global oil shipping route. U.S. President Donald Trump said the deal is complete, while Pakistan Prime Minister Shehbaz Sharif said…

The Economic Times

Indian national arrested after Russian shadow vessel intercepted in Channel

It is understood 24 Georgian and Indian crew members remain on board and are assisting with the investigation.

Evening Standard

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Markets celebrate U.S.-Iran deal as both sides confirm this time is real. Trump says oil will flow and 'I never cared about regime change'

“Deal with the Islamic Republic of Iran is now complete. Congratulations to all!"

Fortune

'US-Iran peace deal now complete', declares Trump; signing set for June 19 in Switzerland

The US president also celebrated the expected resumption of maritime traffic and oil exports, posting, “Ships of the World, start your engines. Let the oil flow!” Trump's announcement came just hours before a UFC event at the White House being held to mark his 80th birthday. Just mintues before the…

The Times of India

SPRC sets out plan to become fully integrated energy provider

Star Petroleum Refining Plc (SPRC) has entered 2026 with a bold new vision: to transform itself from a standalone refinery into a fully integrated energy provider.

Bangkok Post

Audi Car Dealership Worker Needs To Close A Deal—So She Throws In A Carton Of Eggs: ‘Am I Crazy For This?’

'I didn’t know as a customer i could do this.'

Motor1

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Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole

Hegseth said the U.S. naval blockage in Iran is "impenetrable" and 125 million barrels of oil have now exited the Gulf, "showing that we control the strait."

Fortune

Disabled oil tanker received dozens of warnings before US opened fire, AP source says

The tanker disabled by the American military while trying to run the U.S. blockade of Iran had dismissed nearly 60 verbal warnings as well as other shows of force before being fired upon

The Independent UK

British forces intercept Russian shadow fleet tanker

British commandos have boarded a sanctioned Russian shadow fleet oil tanker in the English Channel.

AAP

UK intercepts Russian shadow fleet vessel in Channel

LONDON - British forces on Sunday intercepted a sanctioned oil tanker belonging to Russia's shadow fleet in a dramatic night-time operation hailed by Kyiv as a blow to Moscow’s war machine.

Bangkok Post

How the EU is still funding Putin’s war machine with imports of gas

As Ukrainian attacks on Russian oil and European sanctions batter Moscow’s economy, EU imports of Russian liquefied natural gas are still providing Russia with a boost

The Independent UK

Streeting backs new North Sea drilling and says he would increase high-skilled immigration if he becomes PM

The former health secretary argued opponents of new drilling would open the door to a Reform UK government by keeping energy costs high

The Independent UK

Wes Streeting plans to increase high-skilled immigration if he becomes PM

Leadership hopeful also wants tax revenues from new North Sea oil and gasfields used to cut energy bills

The Guardian - UK

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The Economic Times

Ethanol transition can shift to "Transport Energy Backbone" to shield India from oil shocks: KPMG

India's ethanol use is evolving beyond simple blending. It is set to become a key transport energy source. This will help manage fluctuating global fuel prices. An adaptive fuel system, varied distribution, and flex-fuel vehicles are crucial. This shift aims to enhance energy security and reduce reliance on external price…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Monday

Markets rallied sharply as easing US–Iran tensions and softer crude prices boosted sentiment. Sensex and Nifty surged 2%, adding Rs 10 lakh crore in market value. Broader markets outperformed, volatility eased, and technical indicators turned bullish. Analysts expect momentum to continue, with geopolitical developments and oil prices remaining key triggers.

Bangkok Post

Iran says draft US deal includes oil sanctions waiver, nuclear limits, asset release

DUBAI - A senior Iranian official told Reuters a final draft of the memorandum of understanding with the US covered a range ‌of issues, from Tehran’s nuclear work to reopening the Strait of Hormuz and US waivers on oil sanctions, with a final deal to be discussed in the 60…

The Economic Times

Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release

US-Iran war: Tehran and the United States are in talks over a draft memorandum. This agreement could lead to the immediate reopening of the Strait of Hormuz for all commercial ships. Iran would also dilute its enriched uranium stockpile within 60 days. In return, the US would lift oil sanctions…

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Radio France Internationale

UK intercepts Russian shadow fleet vessel in Channel: ministry

British forces on Sunday intercepted a sanctioned oil tanker belonging to Russia's shadow fleet in the English Channel, the defence ministry said, in a six-hour operation hailed by Kyiv.

The Times of India

Ukraine drone strike kills one, hits oil facility in Russia

A Ukrainian drone attack killed one person and injured nine others in Russia's southwestern Oryol region, Russian officials said on Sunday, while a separate strike targeted an oil facility deep inside Russian territory as Kyiv intensified attacks on military and energy infrastructure.

The Independent UK

Dramatic moment UK forces intercept Russian shadow fleet oil tanker in English Channel

UK armed forces have boarded and seized a Russian shadow fleet oil tanker in the English Channel.

The Independent UK

Ukrainian drone strikes kill 1 and spark fire at oil facility in Russia

A Ukrainian drone strike killed one person and wounded nine others in Russia’s Oryol region overnight, officials said Sunday

The National (Scotland)

UK forces intercept Russian shadow vessel in English Channel

UK armed forces intercepted a Russian shadow fleet vessel in the Channel in the early hours of Sunday, the Prime Minister said.

Fortune

Pump pain, Wall Street gain: Iran war sends U.S. oil profits, stocks soaring as the big winners

The higher oil price environment may extend well into 2028 as the world refills its depleted energy reserves, analysts warned.

France 24

UK intercepts oil tanker from Russia's shadow fleet in English Channel

British forces intercepted a UK-sanctioned oil tanker accused of belonging to what has been dubbed Russia's "shadow fleet" in the English Channel on Sunday, in what the country’s defence ministry called "the first UK-led operation of its kind".

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